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20130124
20130201
Search Results 0 to 4 of about 5 (some duplicates have been removed)
were determined to protect in that debate was the new markets tax credit, something that has benefited some of these kinds of initiatives throughout the country. so whether it was long ago and the low-income housing tax credit of which mercy housing has participated in over and over again and the new market tax credit, one of the current versions of the story. or the section 8 vouchers or the rest of that, public policy has played a role. but we can only be successful in achieving the funding for that public policy if we have examples of national significance to say this must be a priority. and it is a priority because mercy housing and st. anthony's makes people the priority. results. deeds, not just words. the words are important, but they are no substitute for making something happen from it. we all know the gospel of matthew and i was hungry, you gave me to eat and that is what st. anthony's has done. when you were homeless, you gave me shelter and that is mercy housing and they have come together. it's not just about food and housing, but it's about dignity and stability and resp
in preserving the program. we know we have a huge champion in you as we look at tax reform, we're confident that you will be with us on that issue. we get investors to buy the tax credits and that helps to pay for the building. it's a very complicated transaction and todd is here representing the foundation. they have brought in equity investment of over $1.2 billion. to give you a sense of how important they are and how important the program is. thank you. [ applause ] you know in san francisco, everything is green, but liz helps us go greener. and so they have provided an important pre-development grant to help us understand how to green this project and make them the most environmentally sustainability program. they are a huge partner with us nationally and with all the communities and the work that they do across the country. so thank you stephanie and liz. [ applause ] we have two different banking partners on this project that have combined to lend over $22 million to the construction loan on this project. citibank and silicon valley bank. merl is around. former mercy employee, als
-income housing tax credits which are critical for the financing of this development, and all the other affordable housing developments in san francisco. so, again, we want to acknowledge the -- her leadership and her contribution and her support throughout her very long career for affordable housing in san francisco. at this time i'd like to introduce the president of the tenants association, diva youngblood. and one of the things that we wanted to do in this, you know, as part of hope sf, was this was doing -- building affordable housing, not for the residents, but with the residents. and we really tried very, very hard to consult the residents in the development process. it helped with resident associations as we developed the hope sf concept. i see dwayne jones. i don't know if fred is anywhere here, but dwayne and fred and doug and matt franklin really sought to solicit a lot of input from the residents because the goal of this -- of building housing is not to, again, not to just build it for the residents, but build it with the residents and build communities. and ensure that the residents h
Search Results 0 to 4 of about 5 (some duplicates have been removed)